A Limited Liability Company May Be Classified as a Partnership

question 21

Multiple Choice

A limited liability company may be classified as a partnership for tax purposes if:

• A) such an election is made by "checking the box" for partnership tax treatment on the appropriate Internal Revenue Service form.
• B) such an election is made in the operating agreement.
• C) such an election is made in the articles of incorporation.
• D) a majority of its members petition the Internal Revenue Service for partnership tax treatment.

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Definitions:

Sternberg's Triangular Theory

A psychological theory proposing that love is composed of three components: intimacy, passion, and commitment.

Romantic Love

A deeply emotional and affectionate attachment to a partner, characterized by passion, intimacy, and commitment.

Passionate Intimacy

The intense emotional and physical connection often experienced in the early stages of romantic relationships, characterized by strong feelings of affection and attraction.

Passionate Love

A state of intense longing for union with another, characterized by a high degree of physical attraction and emotional engagement.